Good Morning from John Thain

72,500 jobs were cut yesteday in the world economy according to the Financial Times. But John Thain, the resently "fired" CEO of Merrill Lynch found a way to top that news. He said it was a mistake to pay 1.2 million dollars to remodel his office last year.

A mistake?

A mistake usually involves an apology somewhere in the conversation. But not from John. For him it was just an issue of bad timing.

I wonder if his fall is waking him up. This situation is evidence that the Burning Platform of Change is a lousy change strategy. By the time you realize there is a fire, the only option left to you is survival. All other options are history.